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Scottish Pacific Group Reports Strong FY2017 Result

29 Aug 2017  |  10:06:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Scottish Pacific Reports Strong FY17 Result

Scottish Pacific Group announced its FY2017 financial results for the 12-month period ended 30 June 2017. It has reported FY17 PBIT of $41.7m, NPAT of $25.3m and NPATA of $29.4m. Scale benefits and synergies drove an increase in the PBIT margin to 41.5%, up from the Pro-Forma FY16 figure of 36.1%. The Company achieved Net Revenue of $100.4m, up 8.2% on FY16. Increasing average client size contributed to growth, with Average Exposure $871m in June 2017, up from $633m in June 2016. The Company's debtor finance loan book grew at 11.3% in FY17, whilst maintaining margins and conservative risk parameters. Its Board declared a final, fully franked, dividend of 8.5 cps, bringing the total payout for FY17 to 16.5 cps and representing a payout ratio of 78.2% of NPATA.

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